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        Resource Discoveries  Learning  and National Income Accounting
        Resource Discoveries  Learning  and National Income Accounting
        Resource Discoveries  Learning  and National Income Accounting
        Resource Discoveries  Learning  and National Income Accounting
        Resource Discoveries  Learning  and National Income Accounting
        Resource Discoveries  Learning  and National Income Accounting
        Resource Discoveries  Learning  and National Income Accounting
        Resource Discoveries  Learning  and National Income Accounting
        Resource Discoveries  Learning  and National Income Accounting
        Resource Discoveries  Learning  and National Income Accounting
        Resource Discoveries  Learning  and National Income Accounting
        Resource Discoveries  Learning  and National Income Accounting
        Resource Discoveries  Learning  and National Income Accounting
        Resource Discoveries  Learning  and National Income Accounting
        Resource Discoveries  Learning  and National Income Accounting
        Resource Discoveries  Learning  and National Income Accounting
        Resource Discoveries  Learning  and National Income Accounting
        Resource Discoveries  Learning  and National Income Accounting
        Resource Discoveries  Learning  and National Income Accounting
        Resource Discoveries  Learning  and National Income Accounting
        Resource Discoveries  Learning  and National Income Accounting
        Resource Discoveries  Learning  and National Income Accounting
        Resource Discoveries  Learning  and National Income Accounting
        Resource Discoveries  Learning  and National Income Accounting
        Resource Discoveries  Learning  and National Income Accounting
        Resource Discoveries  Learning  and National Income Accounting
        Resource Discoveries  Learning  and National Income Accounting
        Resource Discoveries  Learning  and National Income Accounting
        Resource Discoveries  Learning  and National Income Accounting
        Resource Discoveries  Learning  and National Income Accounting

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        Resource Discoveries Learning and National Income Accounting

        ABSTRACT

        Questions about the ultimate size of mineral and energy resource endowments and the degree of fiscal prudence which should be exercised by countries engaged in resource extraction have become central for many developing countries during the recent resource boom. To explore these questions, this paper develops a model of optimal resource extraction and discovery that combines two polar assumptions: (i) that discovering a resource today drives up the cost of future resource discoveries, and (ii) that extracting resources yields knowledge that reduces the cost of discovery. Although the model shows that resource discoveries should be valued at marginal discovery cost in measures of national saving and in ....read more

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        DOCUMENT INFO

        • TypeReport, Research Paper
        • PriceFree
        • FormatPDF
        • Size639 KB
        • LanguageEnglish
        • Stacks0
        • Postedalmost 4 years ago
        • Authored-
        • Added byHashdoc Content Review
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